Posts Tagged ‘september auto sales’

While many of the replacements for hurricane-damaged vehicles may be used cars, new vehicle sales are expected to rise this month.

With Texas and Florida recovering from the impact of hurricanes Harvey and Irma, new vehicle sales are expected to increase by 1% year-over-year in September 2017, resulting in an estimated 17.5 million seasonally adjusted annual rate seasonally adjusted annual rate or SAAR, according to a new estimate by Kelly Blue Book.

“September will be another opportunity for the first sales increase of the year, as we project slight growth for the industry,” said Tim Fleming, analyst for Kelley Blue Book.

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“While major hurricanes devastated parts of Texas and Florida in the past month, this is driving replacement demand for those drivers with vehicles destroyed. This demand has already started in some areas, but will continue into October and potentially November, as vehicle insurance payouts are received,” he said. (more…)

Not even the F-Series could save Ford's sales in September: the trucks were down 3% while Ford was down 7.7%.

Sales of new vehicles remained flat during September as domestic manufacturers, General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles N.V., reported sales decreases as Japanese rivals posted modest increases for the month.

Ford was one of the biggest losers reporting an 7.7% drop in sales. Even sales of the F-Series pickup trucks fell.

Honda's CR-V helped the Japanese maker to a double-digit sales jump in September.

Strong sales of luxury vehicles, trucks and crossovers continued to pace the auto industry’s performance during September with several carmakers, including Acura, Audi, Chrysler, General Motors, Honda, Nissan, Mercedes-Benz and Subaru all reporting double-digit increases as the seasonally adjusted annual rate of sales exceeded 16.4 million units.

Larry Dominque, True Car executive vice president, said what was particularly impressive was that the industry managed to continued to grow in September without increasing incentives.

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“The daily sales rate is up about 5%,” Dominque noted, “while the ratio of incentives to transaction prices has remained very stable indicating the market is basically healthy.” (more…)

Sales of the 2015 Chevrolet Suburban were up 50% in September, helping the maker to a 19% overall increase, including 17% at the retail level.

General Motors, Nissan and Audi all reported major sales gains during September as sales of new vehicles remained strong. However, with its stock price under pressure, Ford Motor Co. reported that its sales – and marketshare – continued to shrink during the past month.

Reid Bigland, head of U.S. Sales, said Chrysler, Jeep, Ram Truck and Fiat brands each posted year-over-year sales gains in September as Chrysler Group’s overall sales increased by 19%.

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Jeep’s 47% increase was the largest sales gain of any Chrysler Group brand and its best-ever sales in the month of September. Chrysler Group extended its streak of year-over-year sales gains to 54 consecutive months. (more…)

If anything, Mercedes-Benz USA says it could double sales of the new CLA if it could get more.

Summer may be fading into fall, but the U.S. auto market continues to sizzle, industry analysts anticipating sales will be the best, when the final numbers are tallied, since before the recession began.

On a seasonally adjust annual rate, or SAAR, the industry is expected to report a 16.4 million pace, well above the initial forecast for all of 2014 — and a hint that the car market could show even more momentum in the months to come as fuel prices fall and the economy gains more momentum.

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“We expect another strong month for the industry with the best September since 2007,” said John Krafcik, president of TrueCar.

Equally significant, the late-summer surge seems to have come without the hefty incentive push seen in the past to build market momentum.

Chrysler saw a double-digit sales increase in September in large part due to sales of the new Dodge Dart.

General Motors and Ford posted modest sales gains for September while Chrysler posted a double digit increase thanks to strong sales of the new Dart and of the Fiat 500.

Ford reported a 4 percent sales increase during September thanks to a surge in sales of its small passenger cars.

“As more buyers look for new vehicles across the country, Ford is ready with our strongest lineup ever of fuel-efficient cars, utilities and full-size pickups,” said Ken Czubay, Ford vice president, U.S. Marketing, Sales and Service.

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“Fuel economy remains one of the most important features customers want most today, and Ford is answering the call with five vehicles that deliver 40 mpg or better – with another three on the way by year-end,” he said.

GM reported its best September sales since 2008 as it delivered 210,245 vehicles, up 1.5 percent compared with a year ago.

Sales for subcompacts such as the Ford Fiesta are expected to be up 25 percent year over year for September.

Car sales have held steady during September, climbing by double digits from year ago levels.

TrueCar.com said September 2012 new light vehicle sales in the U.S. are expected to be up 10.5 percent from September 2011. The September 2012 forecast translates into a Seasonally Adjusted Annualized Rate or SAAR of 14.6 million new car sales, up from 13.1 million in September 2011 and up from 14.5 million in August 2012 .

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The industry average incentive spending per unit will be approximately $2,468 in September 2012, which represents an decrease of 6.7 percent from September 2011 and decrease of 1.2 percent from August 2012.

Strong demand for the newest Beetle help drive a big month for Volkswagen.

New car sales defied dire economic news and grew in September with several car makers posting healthy sales gains, pushing the industry’s annualized sales rate to nearly 13 million units, the strongest it has been since the economy began showing signs of a double-dip recession.

But there were some worrisome notes amidst the overall bright picture. The two leading Japanese makers bucked the upward trend again last month despite hefty increases in incentives. Overall, givebacks were up slightly, though some makers were able to cut spending on rebates and cut-rate loans in the face of strong market demand.

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“Auto sales continue to be one of the economy’s few bright spots,” said Robert Carter, Toyota Motor Sales vice president, who also predicted Toyota will start posting positive sales results in October after a long string in sales declines.

Toyota saw another 17.5% drop, year-over-year as the maker continued to struggle to overcome the impact of Japan’s devastating March 11 earthquake and tsunami. Honda, meanwhile, saw its numbers fall 8% last month. Both makers took sharp cuts in production due to supply issues but both Toyota and Honda say they are now back up and running at normal speeds.

With supplies low on models like the Elantra, Hyundai was one maker able to slash incentives last month.

While only a handful of manufacturers have so far released their September sales numbers, the figures could provide some rare good news for an economy teetering towards another recession. General Motors Co., Chrysler Group and Volkswagen have all reported double-digit sales increases for September despite the uncertain economic climate that has prevailed during the last few months.

VW led the way with a 36% sales increase, while Chrysler reported a 27% increase and GM said its sales increased 20% compared with September 2010.

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But there appears to be a downside: industry analysts are reporting that it appears incentives surged to their highest levels in a year, while transaction prices – what consumers actually pay for a specific vehicle – slumped sharply.